Quote from: Rubel007 on June 02, 2024, 01:35:16 PM

To be experienced it is definitely not something easy to achieve. In any case we have to go through difficult times to become experienced. In the beginning a trader will never succeed. He must carry out trading activities through losses and the lessons he gets from there are experiences for that person. If a person does not learn from those bitter experiences during his learning period, he will never be successful in that field.

Yes, you are right, but also remember that trading is also influenced by learning talent, while each individual's learning talent is different, sometimes we meet someone who is difficult to learn, but sometimes we meet someone who is very quick to understand something. That means, the speed at which someone becomes a professional trader is influenced by the talent they have as well. It could be that you are faster in becoming a professional trader, while I am a little slower.

And one more thing, if you have a mentor, it will make it easier for you to achieve your goals as a professional trader. So, maximize something that you have planned with full intention.

Quote from: ajiz138 on June 02, 2024, 01:54:19 PM

Quote from: doc on June 02, 2024, 08:10:29 AM

Good advice, we must have an emergency fund that is not in the form of crypto investment, because this is very risky.  When we need it we will sell our coins accordingly, we can suffer losses if when we sell the price of the coins falls.  It's best to use free funds to invest, because crypto is very volatile.

Yes, I hold fiat money for that emergency fund, because I realize that something we don't want might happen to us, even though I always pray that I won't be in a situation like that.

Even though we have never experienced something like that, we must prepare for it. Not having experienced it doesn't mean you won't experience it, right? although again I don't expect that to happen to me, and to everyone.

Anything that could be a Contingency plan for emergencies is something that should be done immediately, because for all of us we must be people who have to have everything very clear and without any kind of impediments to protect Ourselves , I have seen how some people have saved bitcoin and have it in hodl mode and due to economic emergencies they have had to take it out to solve, so sometimes it is difficult but a good effort has to be made for that, of course it is one of the things that one says, but otherwise many more things have to be done to have Everything absolutely clear, that is what I follow of course.

Old coins are good as long as they have life, for example the first CMC coins, in the case of ETH, and the first ones are very good, but I have seen some tokens that are very old and that no longer have life, and for me it is almost impossible for them to go up in price again. Well, at least with the little experience that I have, I think that these types of Projects will not have life , now I Know that they are there and still have life, so we have to keep taking advantage of it, besides they are in a very good moment because bitcoin has many tendencies to rise and that helps all cryptocurrencies in general.

Quote from: LogitechMouse on June 01, 2024, 10:40:21 AM

There are quite a few times in the past where I need to sell some of my Bitcoins because of some events that I can't even control. My mistake at that time is that I went all in on Bitcoin and other altcoins that I forgot to put some of my emergency funds, and when the time comes that I need it, I don't have anything and cryptocurrency at that time is also going down. I have no choice, but to sell some of my tokens just to have some money to use. I sold it at a loss.

I'm disappointed on my decision, but I just thought that at that moment, my priority is the emergency that happened than my portfolio hence, I did that thing. I learned from that of course, and now has emergency funds already.

An emergency fund is something we must always have, we should not only focus on investing while we forget to prepare money for unexpected situations. And what you experience is something that will make you better.

I also do the same thing, I always prepare an emergency fund, so that when in an urgent situation I don't have to sell my assets because of an unexpected situation. If we sell at a profit, it is still something good, but if we are forced to sell at a loss then it is something that is not good at all.

Dont expect anything extraordinary to happen with crypto from every single move that China makes in crypto direction. I think as many times as people claim that Bitcoin is dead, China has been accepting and banning cryptocurrency. I think every quarter I see a topic that China ban or accept crypto. I am already to much bored with that. If we write China ban cryptocurrency in google and click on news section. You would be surprised how often such content is created.

Quote from: JoyMarsha on May 31, 2024, 09:26:59 PM

I still believe in old coins, you know why? Because they have been tried in the bearish market and were able to withstand it without diminishing in price. Not every altcoin out there(crypto space) can withstand a bearish market and come out strong in the bull run market.

So many old altcoins that were on top notched during the last bull run (2021), some have left the crypto market due to they couldn't survive in the bearish market of 2022/2023.

Those old altcoins that are still on the market, are worth to be invested in than new altcoins we don't know whether they will keep on strong after the bull market

You still have to be careful because some old coins are irrelevant and not making progress again because a lots of scam has happen around them. I was having interest to buy some FTM around January because with the informations I read online about it, the coin is ought to be among high performing coins but it was not until I check further and found out that the FTM bridge was hack and millions of coins where stolen including some part of the teams and none where recover and that's worth more than $150m.

These are some of the things that doesn't allow coins to grow because people don't want to associate their money into project that will cause delay in their investment. We have more type of this coins that aren't performing well like other coins and they had good run in the previous bull runs.

Quote from: doc on March 09, 2024, 07:24:29 PM

Many people estimate prices based on the total supply of the coin, but even this is not accurate. When the coin is first launched, the price will be low, after there are lots of people interested, the price of the coin will become expensive. LINK is currently $20, possibly rising to $100 while the bull season is still possible, and that makes sense.

The number of people interested depends on the development of the product they have. When LINK has good enough development, the price will increase as it is now. In essence, when we find new tokens that are created, we have to research what the project being developed will be like and how many people are interested. So with an investment of $100 you will get a lot of profit.

Quote from: Makus on May 29, 2024, 06:20:52 PM

The limited supply is enough reason for investors to know that the value would be increasing in the near future. A big thanks to Satoshi Nakamoto for this innovative invention.

It is true, logically, limited quantities should cause prices to become more expensive, but the main condition is that demand must always increase. If demand decreases, then this will actually create the opposite price movement which will actually lead us to a bearish moment. If we look further, the price of ETH is not much different from the price of BTC regarding its movements, ups and downs and also demand, but what needs to be underlined is that ETH has no limit to supply, so in my opinion the limited amount of Bitcoin becomes very special if only the demand constantly rising, so there will be no bearish market, only correction.